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Sports Arbitrage Trading – A Practical Minicourse – Part Three
How do I get arbs to sell?
There are two factors that identify an arbitrage trading opportunity
1. The event must have a limited number of possible outcomes
The event you are betting on should have 2 or 3 possible outcomes.
For example, the event may be a head-to-head competition, such as a game of tennis or snooker, where only one player can win. Or you can think of a game of cricket or football, where there are three possible outcomes including a tie/draw.
There is an exception, where arbs are found in events with more than three effects, and they can be very beneficial, but you will get your arbs as often as mentioned above.
2. There should be a reasonable limit to your level
When starting out, it may be best to limit your bets to odds that offer 2.0% or more. This will help you have a margin of error as you learn, and any mistakes will only lead to a break when you need to deliver your benefits.
However, as you grow in experience, you will be able to think about EVERYTHING, including the many 1%-2% chances that happen every month. Even the juicier 8%-15% arbs, which come out a few times a week, give you amazing, smaller bonuses, the more they add to your queue.
So – that’s it. You find the event, do the math, place the bet, and get a guaranteed profit regardless of the outcome. Once you plan your steps, it won’t be easy.
The trick is to find the right events to bet on. You will be able to know more about this below.
There are many arbitrage activities available, but this site has a short list that you are encouraged to review.
- TENSION
With only two possible outcomes, this is a worthy event. The more competition there is, the more likely you are to find a profitable difference between the games. Most of the bookies listed regularly offer prices on all tennis matches. You can get a lot of arbs in tennis. - SNOOKER
Again, with only two possible outcomes, snooker is a good event in which to look for odds, although sometimes the checks can be reduced by the bookies to several hundred pounds.
- CRICKET
The one-day game allows for only two matches while the fifth round also allows for copying. Cricket seems to be a weak point for many writers; something that often causes many diseases.
- US SOCCER
Share competition can create profitable arbs. When multiple games are played, significant differences between game plays can occur. It is also the case that North American odd-compilers see things differently than their European counterparts – which creates the potential for conflict. - GOLF
Golf produces multiple arbs each week in two-ball and 3-ball 18-hole matchups as well as 72-hole matchups. Furthermore, in matchplay matches such as the Dunhill Cup and the World Matchplay Championship, the competitors compete against each other and either win or lose. Markets in these situations can be volatile and generate a lot of arbs. - FOOTBALL
It is worth keeping an eye on the European games every week during the football season because they can create profitable opportunities. One of the advantages of football betting compared to many other sports is the large size that bookmakers can accept. look for arbs not only in the regular Home, Away, Draw markets but also in the Asian Handicaps & Total Goals market - POLITICS AND EVENTS
Whether it is the next President of the US, or the next person to leave Big Brother, if there is a point of disagreement between those who join the challenge, there is a possibility of conflict. Some of the biggest opportunities can be found in these non-gaming situations because book writers have to think about more than just games. - OTHER GAMES When you are looking for a risk-free profit, you need to think again
- boxing
- basketball
- baseball
- hockey
- ice hockey
If you are looking for arbs by hand, then you should be prepared to spend a lot of time and try websites with bookmakers & similar sites and prices. This can be beneficial in some cases but it makes sense to use software to do the job because it is faster and frees you up to do other things.
So, now that you know what to look for, let’s see how the software at the end of the market can help you…
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PROFIT MAXIMUM
There is no doubt that if you use your arbitrage software correctly you will get more profit than without. As well as finding only arbitrage trades, it should also find intermediate trades and be alert to trades that you can use to charge any bonuses you expect from the bookies. -
TIME TO BE SAVED
Using the software will help you save a lot of time. If you can trust the app to do the searching for you, it frees you up to look elsewhere or do other things. -
HELPFUL TIPS FOR OTHER PEOPLE
This is a rare benefit but it is something that almost every professional trader uses. When the program introduces you to arbitrage trades, it often provides information on other possible trades. For example, a football arbitrage trade may have a price that you can use to exchange bets instead of the arbitrage trade you were informed about. The important thing is that the program will bring you this information faster than any other search method. Your arbitrage game software should also allow you to choose to receive break-even sales for example where prices increase up to 100% and this can be of great use when using bonus search methods. -
PRELIMINARY WARNING FOR TRANSLATION-PRICES
The best sports-arbitrage software allows you to be the first to know when the bookmaker has posted new prices on the site. This early warning system can be very beneficial in trading strategies that require you to search for new prices quickly. -
HELPFUL THINGS
With the amount of data it has, your software should provide you with more useful statistics. It should show you how many arbs each book has for each game each month. This is very powerful for research because it helps you see exactly which accounts are most important each month. Many experienced traders use this type of analysis to decide where their money should be invested to prepare for the trade each month.
In my next article, we will look at what we can do to reduce the amount of fees when trading…
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